The Richest Man in Babylon Summary, PDF and Review (2023)

Summary of the richest man in BabylonviaGeorge S Clasonis a classic bestseller that shares the timeless wisdom of finance. From the importance of saving to investing wisely, he teaches you how to get rich.

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Who should read the summary of "The Richest Man in Babylon"?

Summary of the Richest Man in Babylon (PDF)

1. Pay yourself first

2. What you save, you will earn

3. Every fool needs to learn how to make money.

4. Plant your seed early.

5. Control your expenses

6. Going into debt is a bad idea.

7. Luck comes to those who work for it

8. Secure future income

9. Defend your money

The Essentials of "The Richest Man in Babylon"

What else will you learn from Blinks?

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Review of the richest man in Babylon.

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Who should read the summary of "The Richest Man in Babylon"?


The Richest Man in Babylon Summary, PDF and Review (1)

The richest man in Babylon.

  • hard coat
  • Clason, George S. (Author)
  • English (language of publication)
  • 208 pages - 4/28/2020 (publication date) - Ramsey Press (publisher)

Last Updated 02/28/2022 / Affiliate Links / Amazon Images

  • A person who started learning about finance.
  • Anyone who wants to learn how to build wealth for the long term.
  • Who has a skinny wallet and wants to gain weight.

Summary of the Richest Man in Babylon (PDF)

A nation prospers when all its individuals are financially literate.

Some of the principles of finance are timeless, while others change over time.

If you want to learn the basicsperennial principles of financeThe summary of this book is perfect.

In this article,Summary of the richest man in Babylon, I will share my lessons from this book.

Also, don't forget to read them.the critical evaluation of the article at the end.

So, without further ado, let's dig in.

1. Pay yourself first

The Richest Man in Babylon Summary, PDF and Review (2)

If you were to ask me to share one thing I learned from this book, it would be this:

A part of everything you earn is yours.

George S Clason

The biggest mistake people make is spending all their hard earned money on their needs and wants.

You forget to save money for yourself.

Well, they buy things themselves, but they don't pay for themselves.

You pay brands. You pay the merchants. You pay for different services.

They give their money to everyone but themselves.

So should you stop buying stuff and start saving like crazy?

No, that's not what I mean.

The author says that you should save a tenth of your money.

It means: if you earn ten gold coins, you should only spend nine gold coins on your needs and wants.

And no matter what, you must not touch the last gold coin.

Sure you can save more than one gold piece, but the fact remains that you shouldn't save less than a tenth of your total income.

But what if you hardly make any money and barely cover your day-to-day life?

Yes, you still need to save a tenth of your total earnings. This puts you on the path to wealth. This habit will gradually fatten your meager wallet.

When you set aside a portion of your total income for the future, the compounding effect occurs.

And you don't even realize when your savings increase significantly.

2. What you save, you will earn

The Richest Man in Babylon Summary, PDF and Review (3)

Savings is only part of the equation.

Just saving doesn't help you get rich.

The thing is:

If you don't save, you can't invest.

You can only invest if you have enough money.

The best thing to do is to start the children on their savings and let them earn money.

I know you are confused: "How can you have children with your savings?"

Let me clear up this confusion.


When we say children of your savings, it means that you should use your savings in a way that creates multiple streams of income.

One way is to invest in the purchase of assets that generate money.

After that, you should try to raise children from children to create even more streams of income. This has many advantages.

The main benefit of creating multiple streams of income is that you don't have to rely on a single source of income.

And in the worst case, if one source of income disappears, you will have others to rely on.

In short, what you save should help you earn money.

3. Every fool needs to learn how to make money.

The Richest Man in Babylon Summary, PDF and Review (4)

Let's admit that we don't know as much as we think we do.

A wise man said:

The more you learn, the more you earn.

a wise man

If you don't learn the basics of making money, you won't make it.

I think it is a sin to think that you are going to get rich without knowing the basics of wealth creation.

Sometimes people think that luck will shine on them and they will become rich.

Or they are always waiting for some lottery that will bring them fortune.

Let's say you win the lottery once in a super lucky event and become rich overnight.

And now?

You won't be able to make good use of it just because you don't have enough skill.

And eventually you will lose it.

If you don't learn to save and invest your resources wisely, you won't create much wealth.

Therefore, you must learn.

Those willing to learn more about their craft will be amply rewarded.

The richest man in Babylon.

Learning will also save you from the pitfalls that I will discuss later.

Suggested reading:The best financial books that everyone should read at least once.

Read on for more information...

4. Plant your seed early.

The Richest Man in Babylon Summary, PDF and Review (5)

You may have heard people say, "Wealth doesn't grow on a tree." It is true.

But no one talks about it growing like a tree.

All you have to do is plant the right seed at the right time.

The tenth you save of your total income is like a seed.

If you plant this seed and take care of it for a few years, it will grow into a tree that will bear fruit.

The sooner you plant the seed (which means saving part of your income), the sooner you will see the results of your efforts.

When it comes to investing, smart people advise that you need to start early to see the magic of compound interest.

But starting earlier will not bring results.

Results will show as you water your seed until it grows into a tree.

Just as a tree needs time and food to grow, wealth also takes time and food to build.

It's a long-term thing.

So the sooner you start, the sooner you will see results.

5. Control your expenses

The Richest Man in Babylon Summary, PDF and Review (6)

If you don't get your spending under control, you'll quickly find yourself with a thin wallet.

We all have an innate desire to buy the best things.

But not everyone can afford it.

(Video) Richest man in Babylon summary | Urdu / Hindi

There are basically two types of things we buy:

  1. Things that meet our basic needs like food, water, shelter, etc.
  2. Things that make us happy and fulfill our desires, dreams and longings.

You need to control spending on the second type of thing.

Because desires are different from needs.

Needs are necessary, desires are not.

It is our desires that are dear.

Ask yourself honest questions like:

  • Do I need the newly introduced cell phone or a laptop?
  • Do I really need this new watch?
  • Do my current things meet my needs?
  • Am I wasting my money?
  • Am I buying something because I have to or because of peer pressure?

Newbies who don't know much about finance should use this50/30/20 rule.

To use: This rule is not in the book, but I tell you to follow it.

According to this rule, 50% of your income must be spent on basic necessities.

The other 30% should be spent on your wants and needs.

And the remaining 20% ​​must be used to save and invest.

You can also introduce minimalism into your life to control your expenses.

It is easy:

Buy only the essentials.

When spending, don't be guided by your desires.

Don't confuse necessary expenses with your desires.

The richest man in Babylon.

6. Going into debt is a bad idea.

The Richest Man in Babylon Summary, PDF and Review (7)

Those who do not know how to manage money and control their spending often go into debt to fulfill their endless desires and desires.

When you contract a debt, you have to pay it back with interest.

And when that happens, you can't save 10% of your wealth.

Some people often end up going into debt and instead of getting rich, they become poor.

Therefore, debts should be avoided whenever possible.

Don't buy anything if you don't have enough money. This is much better than going into debt.

7. Luck comes to those who work for it

The Richest Man in Babylon Summary, PDF and Review (8)

Good luck really comes to the few people who jump at the opportunity when it presents itself.

Some people hesitate and pass up the opportunity.

But those who seize every opportunity and work hard often find themselves in situations where they are rewarded with good fortune.

Opportunity waits for no one.

You'll have to be quick when you see it.

And you know what?

Many times it comes when you least expect it.

Men of action are favored by the goddess of fortune.

George S Clason

8. Secure future income

The Richest Man in Babylon Summary, PDF and Review (9)

Investing can sometimes be risky.

So whatever you do with your money, make sure you have plans for future earnings.

Make long-term plans.

Short term plans often lead to future problems.

Connect with people who are making money.

Surrounding yourself with financial experts will teach you how to generate sustainable income.

Future income must be planned to support you and your family in the future.

Arrange the needs of your old age and the protection of your family in advance.

(Video) The Richest Man in Babylon Full Audiobook

The richest man in Babylon.

9. Defend your money

The Richest Man in Babylon Summary, PDF and Review (10)

Protect your wealth with all your might.

Just as people build walls around their homes to protect themselves, you too must have plans and strategies to protect your money from threats.

You should avoid financial fraud and protect your money with reliable insurance, savings accounts and investments.

Tragedy can strike without warning.

It is better to be prepared for the worst.

Protect your treasury from loss by investing only where your capital is safe.

The richest man in Babylon.

The Essentials of "The Richest Man in Babylon"

Let's summarize the main points of this book:

  • Pay yourself first.
  • Make your money work for you.
  • Learn all you can about how to make money.
  • Learn to invest money.
  • Control your expenses.
  • Avoid debt whenever possible.

What else will you learn from Blinks?

  • learn to be lucky
  • How to accumulate wealth by trial and error?
  • How to take advantage of the opportunities?
  • How to make long-term investments?

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Summary infographic of the richest man in Babylon

The Richest Man in Babylon Summary, PDF and Review (11)

Review of the richest man in Babylon.


The Richest Man in Babylon Summary, PDF and Review (12)

The richest man in Babylon.

  • hard coat
  • Clason, George S. (Author)
  • English (language of publication)
  • 208 pages - 4/28/2020 (publication date) - Ramsey Press (publisher)

Last Updated 02/28/2022 / Affiliate Links / Amazon Images

This book tells the story of Babylon, which was one of the richest and most glamorous cities of antiquity.

The richest man in town, Arkad, shares with the townspeople why he is so rich and how his wealth is increasing rapidly.

Things I liked about this book:

The author shared timeless financial lessons through stories.

This book is ideal for beginners who know little or nothing about finance.

What I did not like about this book:

One thing worth mentioning in this book is the Old English language.

Words like "tu", "you", "was", etc. they were seriously annoying and sometimes made the sentence hard to read.

The writing style did not appeal to me.

Although this book is short, I think it could be even shorter.

Most of the lessons in this book are based on common sense.

Buy the book on Amazon.

It's your turn

What class did you like the most?

Do you have any other timeless tips for building wealth?

Tell me in the comments.

Recommended book summaries:

  • rich dad poor dad
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What is the summary of The Richest Man in Babylon? ›

The book chronicles how practical money management and wealth-building lessons were used by Arkad, who had a humble background as a son of a merchant but grew to become the richest man in the ancient city of Babylon.

What are the 7 cures The Richest Man in Babylon? ›

The Story Behind the 7 Cures for a Lean Purse
  • 1) Pay Yourself First.
  • 2) Control Your Spending.
  • 3) Put Your Money to Work.
  • 4) Protect Your Principal from Loss.
  • 5) Own Your Home.
  • 6) Plan for Retirement.
  • 7) Increase Your Earning Ability.
Aug 1, 2021

What We Can Learn From The Richest Man in Babylon? ›

  1. 10 Critical Life Lessons From The Richest Man In Babylon. The world's 3rd wealthiest man, Warren Buffet, has used these principles to grow his empire. ...
  2. Invest in Yourself. ...
  3. Surround Yourself with Winners. ...
  4. Make Your Money Work For You. ...
  5. Protect Your Future Income. ...
  6. Life Is Short — Enjoy It. ...
  7. Save At Least 10% ...
  8. Invest in Your Home.
Nov 29, 2021

Is The Richest Man in Babylon worth reading? ›

The Richest Man in Babylon is an easy and enjoyable read, and its lessons are relevant to anyone who is looking to improve their financial situation. The book is full of wisdom and commonsense advice, and it is an essential read for anyone who wants to better understand personal finance.

What is the lesson of the first story in The Richest Man in Babylon? ›

The first lesson given by the wealthy Arkad to his students was to pay yourself first. This may be the most basic maxim in all of personal finance, but if you don't follow it, you will never escape the paycheck to paycheck cycle.

What is the lesson taught by the sheep farmer richest man in Babylon? ›

A man should secure investments that will provide for his family an income in his older years. Arkad concludes his cures with one of the most vital cures of a lean purse. This lesson is not about gold but about each man themselves. Each man should improve their skills and abilities to increase their income.

What are the 7 cures for a lean purse? ›

The Seven Cures to a Lean Purse
Jan 8, 2022

Who is the luckiest man in Babylon? ›

Sharru Nada is a fictional character from the 1926 parable titled The Richest Man in Babylon by George Samuel Clason. In the final chapter, Sharru Nada tells his traveling companion Hadan Gula the story of his grandfather became a wealthy merchant. Here is the story of Sharru Nada, the luckiest man in Babylon.

What is the main lesson of think and grow rich? ›

Use the power of imagination to build new realities. Imagination can definitely take you places if you learn to apply your ideas and turn them into things by working on them. Take inspired action and never stop imagining all the wonderful things we can create in our minds first and give to the world later.

What does The Richest Man in Babylon say about debt? ›

“Where the determination is, a way can be found.” If you are in debt, live on 70% of what you make. Save 10% for yourself. Use the remaining 20% to repay your debts.

Which main point about money is the author trying to make in this text? ›

Answer: b) Money enables people to trade even when they do not know each other or trust each other, according to the author.

How many lessons does the richest man have in Babylon? ›

In 1926, George Clason published a series of 8 parables set in the ancient city of Babylon, which later became this classic financial literature.

Which book can make you billionaire? ›

Once you have a business, this level recommends books that will show you how to create a product and how to market and sell it.
Beginner Level
  • Think and Grow Rich by Napoleon Hill.
  • The Success Principles by Jack Canfield.
  • Rich Dad Poor Dad by Robert Kiyosaki.
  • The 10X Rule by Grant Cardone.
Feb 24, 2017

Why you should read The Richest Man in Babylon? ›

Clason takes the “Babylonian Parables” and put them into a simple to read story that explains how people can take the wealth that they can acquire and turn it into the wealth that they actually desire. The Richest Man in Babylon is quite possibly the only financial strategy that one will ever need – and want – in life.

What is the golden rule of wealth? ›

Let's recap: The golden rule is don't spend more than you earn, and focus on what you can keep. Maybe it sounds obvious, but you'd be surprised at how many people don't understand or follow this rule and end up in debt.

What is the first law of money? ›

The First Law of Money that I wish to reveal to you today is – Money Is Not Meant To Be Spent. The first instinct of uninformed men when it comes to money is to spend it and that is the proof that they are uninformed. It is also a proof why they will never really become wealthy.

What is the 1st law of gold? ›

The First Law of Gold

Gold cometh gladly and in increasing quantity to any man who will put by not less than one-tenth of his earnings to create an estate for his future and that of his family. The first law is simple. Save at least 10% of your income. Put this aside before you pay for anything else.

Is The Richest Man in Babylon biblical? ›

'The Richest Man in Babylon' written by George Clason is widely known as the “Bible of financial freedom.” Originally written as a series of pamphlets, the parables were eventually collected into a book and first published in 1926.

What is the moral of the story rich man Poor man? ›

The moral lesson of the story is to be appreciating whoever render any form of help or assistance to us either little or big assistance.

What are the lessons in rich Dad Poor Dad? ›

  • The rich make their money work for them.
  • Financial education is your greatest asset.
  • Know the difference between assets and liabilities.
  • Don't be controlled by emotions.
  • Work to Acquire Life Skills, Not for Money:
  • Failure inspires winners and defeats losers.
  • Learn to manage risk.
  • Mind your own business.
Dec 23, 2022

How did Arkad become rich? ›

Once while working to deliver certain pots for a wealthy merchant, he asked the merchant to teach him the secrets to richness and the merchant agreed. Arkad followed these secrets and became the richest man of Babylon in due course of time.

What is the lesson that arkad learned from Algamish? ›

Arkad replied that willpower is only an unflinching purpose to carry a task to completion. He said that if you set a task, you must complete it whatever happens, so don't begin tasks lightly. He advised his friends to take the wisdom of Algamish and to prosper like him.

What point is arkad trying to make when he is talking about gambling with the game keepers? ›

Arkad, one of the characters in the book who is teaching others to be wealthy suggests that it is never worth it to gamble your money at the game tables. Arkad's reasoning are that although you might find yourself in a lucky winning-streak, it is always the gamekeeper that wins the most.

What can I put in my purse to attract money? ›

Bank notes: Even if you have a few of them, keep them in the wallet because money attracts money. Besides, it is considered inauspicious to carry a blank wallet. Rice Grains: Rice represents good life and abundance.
These are:
  1. Torn banknotes.
  2. Too many debit cards.
  3. Unpaid bills or receipts.
  4. Medicines.
  5. Snacks.
  6. Old currency.
Jul 21, 2021

What is the second cure for a lean purse? ›

The Second Cure: Control Thy Expenditures

Once you've begun setting aside ten percent of your earnings, you must learn to get by on only ninety percent, and the lesson here is to get by with only ninety percent, or even less if possible.

What is the third cure for a lean purse? ›

3) Make thy gold multiply: invest wisely. "This, then, is the third cure for a lean purse: to put each coin to labouring that it may reproduce its kind even as the flocks of the field and help bring to thee income, a stream of wealth that shall flow constantly into thy purse."

Why was Sharru nada The Luckiest man in Babylon? ›

Here we meet Sharru Nada, who is travelling with the grandson of his partner, HadanGalu. Sharru tells Hadan that he was once a slave and that he considered himself lucky as he was sold to a baker. He was so happy to be able to learn the trade of a baker.

Was Babylon a rich place? ›

The wealthiest civilization in the ancient world was Babylon. Babylon was famous for its fortune because its people as well as the king were rich, enjoying a level of personal wealth beyond our contemporary comprehension.

What is the main lesson that can be learned from the story? ›

A theme is the message, or lesson, that the reader learns by reading the story. Sometimes a story has a particular kind of message, known as a moral. A moral is a type of message that teaches a reader a life lesson, such as what is right or wrong, how to make decisions, or how to treat other people.

What is the summary of the book How do you be rich? ›

How To Be Rich is essentially a series of articles that Getty was commissioned to write by Playboy magazine. Getty's intention was to explain himself and why he was a businessman, and secondly get behind the myths of what it was like to have great wealth.

What is the summary of the book Get Rich? ›

If you want to get rich you'll need to:
  1. work a lot more than almost anyone you know.
  2. be ready to disrupt your personal relationships.
  3. ignore what your friends and neighbours think.
  4. be ready to lose it all if it doesn't work.
  5. Not be afraid of public humiliation.
  6. Be confident enough and treat money as a game.
May 24, 2020

What does wealth symbolize in Babylon Revisited? ›

In the story's famous conclusion, once-wealthy Charlie Wales insists that he may have lost a lot in the crash, but he lost everything he wanted in the boom (i.e., his wife, his daughter). In this way, money is corrosive in "Babylon Revisited"; excessive wealth leads to waste, self-destruction, and irresponsibility.

What did Arkad mean by guarding the treasure from loss? ›

Arkad admonishes his audience to careful study and research to ensure, as much as possible, that you will get your investment back. He stresses the importance of investing only in things you know and do not invest in “get rich quick” schemes.

What does arkad say it happens to the necessary expenses '? ›

It is this: that what each of us calls our necessary expenses will always grow to equal our incomes unless we protest to the contrary. Arkad tells the man not to confuse necessary expenses with their desires and that all men are burdened with more desires than they can gratify.

What are the 4 types of money? ›

The 4 different types of money as classified by the economists are commercial money, fiduciary money, fiat money, commodity money. Money whose value comes from a commodity of which it is made is known as commodity money.

What is the main idea or the message that the author wants to convey? ›

The term theme can be defined as the underlying meaning of a story. It is the message the writer is trying to convey through the story. Often the theme of a story is a broad message about life. The theme of a story is important because a story's theme is part of the reason why the author wrote the story.

What is author's main purpose in the passage? ›

An author's purpose is his reason for or intent in writing. An author's purpose may be to amuse the reader, to persuade the reader, to inform the reader, or to satirize a condition.

What is the main point of the richest man in Babylon? ›

When investing, do not take any advice from an inexperienced person, but make safe investment decisions. The Richest Man in Babylon connotes that, he who takes advice about his savings from one who is inexperienced in such matters, shall pay with his savings for proving the falsity of their opinions.

What is the moral of the richest man in Babylon? ›

5 lessons from The Richest Man in Babylon
  • Pay yourself first. What is the difference between these two equations? ...
  • Control your expenses. The Richest Man in Babylon says, almost every one of us is not satisfied with the money we earn. ...
  • Make money work for you. ...
  • Luck favors those who take action. ...
  • Improve your skills.
Jul 17, 2021

What do billionaires read daily? ›

Consider the extreme reading habits of other billionaire entrepreneurs: Warren Buffett spends five to six hours per day reading five newspapers and 500 pages of corporate reports. Bill Gates reads 50 books per year. Mark Zuckerberg reads at least one book every two weeks.

How to become rich in five years? ›

How to become wealthy in 5 years: 14 strategies
  1. Become Financially Literate Through Self-Education.
  2. Spend Less, Earn More, Invest the Difference.
  3. Do Something You Love.
  4. Invest in Properties.
  5. Build a Portfolio of Stocks and Shares.
  6. Focus on Contemporary Areas of Growth.
  7. Be An Innovator, don't just paint by numbers.
Jan 8, 2023

Should Christians read The Richest Man in Babylon? ›

Despite titular connotations, The Richest Man In Babylon is not religious. That said, the book's format and diction will likely feel familiar to any who have attended Sunday school.

Is The Richest Man in Babylon good advice? ›

The Richest Man in Babylon reminds us not to miss good opportunities and always trust your instincts. Keep track of expenses and invest wisely. Find ways to guard against loss and you will be in a more secure place when the time comes to retire. Earn while you can, but always plan for the future.

What is the secret of rich man? ›

Spending Must Align With Goals

They are mindful of not wasting resources on things that have no value." According to Kay, the wealthy tend to spend money only on things they care about. The rest of us can learn from this by setting our own goals and then monitoring our spending to see if it aligns with those goals.

Did Mansa Musa give away all his money? ›

While in Cairo, Mansa Musa met with the Sultan of Egypt, and his caravan spent and gave away so much gold that the overall value of gold decreased in Egypt for the next 12 years.


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